Yoko Ono to Receive Edward Macdowell Medal for Lifetime Achievement 

Yoko Ono appears before the dedication ceremony for her permanent art installation, a sculpture called SKYLANDING, at Jackson Park, Oct. 17, 2016, in Chicago. (AP)
Yoko Ono appears before the dedication ceremony for her permanent art installation, a sculpture called SKYLANDING, at Jackson Park, Oct. 17, 2016, in Chicago. (AP)
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Yoko Ono to Receive Edward Macdowell Medal for Lifetime Achievement 

Yoko Ono appears before the dedication ceremony for her permanent art installation, a sculpture called SKYLANDING, at Jackson Park, Oct. 17, 2016, in Chicago. (AP)
Yoko Ono appears before the dedication ceremony for her permanent art installation, a sculpture called SKYLANDING, at Jackson Park, Oct. 17, 2016, in Chicago. (AP)

One of the country's leading artist residency programs, MacDowell, has awarded a lifetime achievement prize to Yoko Ono. The groundbreaking artist, filmmaker and musician is this year's recipient of the Edward MacDowell Medal, an honor previously given to Stephen Sondheim and Toni Morrison among others.

“There has never been anyone like her; there has never been work like hers,” MacDowell board chair Nell Painter said in a statement Sunday. "Over some seven decades, she has rewarded eyes, provoked thought, inspired feminists, and defended migrants through works of a wide-ranging imagination. Enduringly fresh and pertinent, her uniquely powerful oeuvre speaks to our own times, so sorely needful of her leitmotif: Peace.”

Ono's son, Sean Ono Lennon, said in a statement that the medal was “an incredible honor.”

“The history and list of past recipients is truly remarkable. It makes me very proud to see her art appreciated and celebrated in this way," he said.

Ono, 91, has made few public appearances in recent years and is not expected to attend the July awards ceremony, at the MacDowell campus in Peterborough, New Hampshire. Ono's music manager, David Newgarden, will accept the award on her behalf.

Ono first became known as part of the avant-garde Fluxus movement of the 1960s, then reached international fame after meeting John Lennon, to whom she was married from 1969 until his death, in 1980.

Their many collaborations included the songs “Give Peace a Chance,” “Imagine” and “Happy Xmas (War Is Over)," the basis for “War Is Over! Inspired by the Music of John & Yoko,” this year's winner of the Oscar for best animated short film.

Over the past 40 years, Ono has had a busy career as a visual and recording artist, her albums including “Season of Glass,” “Starpeace” and “Take Me to the Land of Hell.” She was recently the subject of a career retrospective at London's Tate Modern.



Netflix Beats Subscriber Targets, Cautions on Ad Growth

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo
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Netflix Beats Subscriber Targets, Cautions on Ad Growth

FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, US July 16, 2018. REUTERS/Lucy Nicholson/File Photo

Netflix said on Thursday it added more than 8 million subscribers in its second quarter as the streaming service benefited from a password-sharing crackdown and the popularity of such titles as "Bridgerton," "Baby Reindeer" and "The Roast of Tom Brady."
While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026, said Reuters.
Netflix shares reversed initial losses after it reported results to trade up 1% in after-hours trading. The stock has surged nearly a third so far this year.
"Netflix is still the best and most profitable streaming company out there, but with technology stocks generally retreating over the last several days, some investors may sell on the generally good news and taking profits now while waiting for a possible better re-entry point for the stock," said Michael Ashley Schulman, chief investment officer at Running Point Capital.
The streaming video pioneer is facing saturation in the United States and plans to stop regularly reporting new subscriber additions next year. Investors have been zeroing in on the company's relatively new advertising business as a potential source of growth.
On Thursday, Netflix said third-quarter subscriber gains would be lower than the comparable period in 2023 when it had just started the password clamp-down.
The company also said its vice president of ad sales, Peter Naylor, was departing.
Third Bridge analyst Jamie Lumley said Netflix's advertising business "has yet to prove itself from a revenue standpoint."
"Our experts highlight that Amazon has made a much bigger splash in the ad market and Netflix needs to continue working on scale in this segment if it wants to be a major player," Lumley said.
For April through June, Netflix posted diluted per-share earnings of $4.88, compared with consensus forecasts of $4.74 a share, according to LSEG. Revenue for the quarter reached $9.56 billion, in line with estimates.
At the end of June, the new sign-ups brought the total number of global Netflix subscribers to more than 277 million.
Netflix said its ad tier membership grew 34% from the prior quarter, but it did not say how many subscribers chose that option.
"Our ad business is growing nicely and is becoming a more meaningful contributor to our business," Netflix said in a letter to investors. "But building a business from scratch takes time - and coupled with the large size of our subscription revenue - we don't expect advertising to be a primary driver of our revenue growth in 2024 or 2025."
On a post-earnings video, Netflix Chief Financial Officer Spencer Neumann said the company's advertising business is "growing nicely," but it is building off a small base.
"It's a meaningful contributor," Neumann said. "And then we get (to) '26 and beyond, it can be even more meaningful, and hopefully comes to the point where it's a primary contributor."
The company said it expects third-quarter revenue growth of 14% compared with a year ago.
Three years into its videogame initiative, Netflix said it planned to release a multiplayer game based on "Squid Game" later this year when it debuts Season Two of the dystopian Korean series. It also plans games tied to "Emily in Paris" and "Selling Sunset."